Meghalaya GST collections increase to Rs 1723 crores in 2023-24: Govt

Syllad | The Rising MeghalayaSeptember 7, 2024

The total GST receipts from April-August, 2024 for Meghalaya is Rs 772 crores.

The receipts for the same period in 2023 was Rs 737 crores indicating an increase of 5% in the receipts, the state’s finance department said in a statement on Saturday

The growth rate for other States in the North East are – Assam 7%, Arunachal Pradesh -8%, Manipur 11%, Mizoram 1%, Nagaland 0%, Sikkim -16% and Tripura 11%, it said.

The statement said that the State Government are taking up awareness creation activities, especially among the small shopkeepers who procure goods from outside the State, to ensure that the invoices are generated with Meghalaya addresses so that the GST accrues to Meghalaya. 

Further, it said that intensive scrutiny of returns is being carried out to check evasion. 

“In the current Financial year 376 cases involving an amount of Rs 121 crores are under scrutiny,” the department said while adding that the recent reportage on dip in GST collections of the State is only based on one month data (April 2024) of returns filed and doesn’t take into account all the settlements. 

Further, the department informed that the overall GST collections of the State, including SGST, IGST and CGST, clearly shows an increasing trend.

“Meghalaya GST collections have registered growth rate of 35.87%, 32.12% and 16.66% during 2021-22, 22-23 and 23-24 respectively. The GST collections have grown up from Rs. 1118 crores in 2021-22 to Rs. 1723 crores in 2023-24,” it said.